DAILY COMMODITY MARKET STRATEGY-21 Aug 2015

BULLION

Gold December future has spurted almost a percent in early morning deals at $ 1,164.10.Silver September and Platinum October series have gained 0.3 percent each at $ 15.570 and $ 1,036.15, respectively.

Gold October towards Rs 26,600 are active. Gold price tested a high of Rs 26,874 per 10 grams on 20 August 2015 and a low of Rs 26,200 per 10 grams.

ENERGY

Crude Oil October contract has tumbled 1.4 percent at $ 40.73. Brent Oil October expiry is marginally down at $ 46.05.Natural Gas September delivery has declined 0.5 percent at $ 2.744.

On Thursday, Crude Oil September tested a high of Rs 2,762 and a low of Rs 26,79 per barrel. Open interest of Crude Oil was at 32735 on 20 Aug against 36331 a day before.

BASE METAL

Copper September future is quoted at $ 2.314 - down 0.3 percent.On Friday trading gains are expected to get resisted at Rs 338 and 340 per kg. Floor for Copper August is at Rs 332 and Rs 330 per kg.

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